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Cooling measures likely as Canada home prices keep heading north

While Canada avoided the worst of the housing crash that hit the US a decade ago, home prices have nearly doubled since, raising worries consumers are at risk if prices drop.

PHOTO: REUTERS

Ottawa

LOW borrowing costs and hot demand in key urban centres will keep pushing Canadian house prices higher this year, a Reuters poll showed, pressuring policymakers to take further steps to rein in a market that more specialists are calling a bubble.